Financial training courses - Computer assisted IFRS and US GAAP
The compilation of IFRS and US GAAP reports is a challenging task even for practicing professionals. Reporting skills, however, can be best supported by practical tools. We have been presenting computer assisted training courses for many years in order to facilitate the application of IFRSs and US GAAP in practice.
Our laptop based training courses cover:
- stand-alone financial statements,
- and consolidated financial statements.
Our courses are unique because participants are given the opportunity to produce IFRS and US GAAP financial statements individually on their own laptops. The tasks are performed step by step under continuous tutorial assistance. As a result, participants obtain positive experience in applying IFRS and US GAAP in practice.
At the beginning of the course we upload the Excel file on the individual laptops that participants are asked to bring with themselves. The file includes all instructions and requirements for the course. The objective is to convert a Hungarian financial statement into an IFRS or US GAAP statement including deferred taxes, translations into euro or US dollar, and proper presentation. The conversions are based on certain adjustments that are listed in the instructions, separately.
At the end of the course the file including the complete IFRS or US GAAP balance sheet, income statement, comprehensive income, and cash flows remain the property of the participants for methodological reference to future work.